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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (7904)8/10/1999 8:57:00 AM
From: Rarebird   of 9818
 
Effect of Y2K on oil trade feared


FEARS about the millennium bug could destabilise global commodity markets in coming months, disrupting shipments of grains and leading to supply-demand gaps and price hikes for crude oil.

The warning comes in the latest World Bank Global Commodities Report, released on Friday in Washington.

"Concerns over the potential disruptions associated with Y2K may cause consumers, processors and distributors to stockpile crude oil and products," the World Bank says.

It adds that this could lead to price pressures as key northern hemisphere economies enter the winter season of peak demand for energy.
theaustralian.com.au

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